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Regents Approve Increase in Pension Plan Contributions for 2014-15

The UC Board of Regents yesterday approved an increase in contributions to the UC Retirement Plan (UCRP) from both the university and employees, effective July 2014. UC will pay 14 percent of pay and faculty and staff will pay 8 percent of pay. This will result in a 1.5% increase in contribution for those hired prior to 2013 and no increase for those hired after 2013. More>

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  1. And this should come as no surprise to anyone who has been paying attention to the status of the UCRP in recent years. The pension is still a good benefit, but needs financial help. The real question is, could you do better on your own if you invested 8% of your income in an IRA or a 401k/403b ? Being that the pension is a lifetime benefit and retirement plans can only provide a limited amount of money for a limited number of years, it would still be difficult for a 403b to do better then the UCRP.

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